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International Marketplace Community Revitalization Enhancement District (CRED)Located on the northwest side of Indianapolis, the CRED is designed to promote economic development, improve the visual character in the International Marketplace area and promote a mixed-use community that knits together the business district and surrounding neighborhoods. The designation of a CRED allows local government to capture sales and income tax increments from the district and use them to assist with site improvements, infrastructure improvements, operating expenses, substance removal or remedial action to a property. The CRED designation also allows property owners to claim a state tax credit equal to 25% of the qualified investment.